AUDCAD HAS BEEN LOOKING BEARISH FOR A WHILE AND THE RETEST OF THE PREVIOUS SUPPORT ZONES GIVES US A NICE BIAS TO BUY
OUR AIM IS AT THE 0.5 FIBONACCI WHICH NEAR MATCHES A PREVIOUSLY RESPECTED ZONE
A 1:2.5 HAS BEEN SET OUT FOR THIS TRADE AND PROPER RIST MANAGEMENT SHOULD BE OBSERVED
OUR AIM IS AT THE 0.5 FIBONACCI WHICH NEAR MATCHES A PREVIOUSLY RESPECTED ZONE
A 1:2.5 HAS BEEN SET OUT FOR THIS TRADE AND PROPER RIST MANAGEMENT SHOULD BE OBSERVED
Comment:
WE WERE ABLE TO CLOSE OUT WITH SOME PROFITS FROM THIS BEFORE PRICE MADE A COMPLETE REVERSAL